Just the Facts

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  • Neighbourhood

    Little Italy

About the Property


Located on one of the best streets in Little Italy and steps from Trinity Bellwoods Park, this character-filled home is a solid turnkey investor opportunity, or a rare chance to live in one of the city’s best neighbourhoods…and let your tenants pay your mortgage!

Classic Little Italy Victorian with 3 self-contained units, each with laundry; 200 amp service; laneway garage parking and backyard garden. The two-floor owner’s suite is complete with a sunny deck for BBQs and a third floor loft master bedroom.

Upper Suite 2nd/3rd floor

  • Renovated 2 bedroom apartment with hardwood floors throughout the 2nd floor
  • Spacious loft master bedroom with plenty of storage
  • Walk-out to private deck from kitchen
  • Ensuite laundry
  • Currently vacant – $2,200 monthly rent potential

Main Floor Suite

  • Upgraded 2 bedroom apartment with spacious kitchen and living area
  • Walk-out to backyard garden and garage
  • Ensuite laundry
  • Currently leased at $1,850 per month until January 2014

Basement Suite

  • One bedroom apartment
  • Ensuite laundry
  • Currently leased at $1,100 per month until March 2014

Steps from Trinity Bellwoods Park, 24-hour public transit and the best of Little Italy.

Little Italy: The Neighbourhood

Lined with trendy restaurants, martini bars and cafes, Little Italy‘s College Street has been cool for more than a decade. On summer evenings thirty-somethings fill the streets, hopping from low-key restaurants to hip bars to live music venues like The Mod Club and Orbit Room. It’s awesome–with a minimum of attitude.

Trinity-Bellwoods–probably the city’s best urban park–is less than a block away, with an off-leash dog bowl, community centre and year-round events. Still want more? The vibrant Ossington strip is only a few blocks further, with more hipster restaurants and nightlife options than you can count. Honestly, could there be a better location?

Want to know more? Check out our Little Italy Infographic for the whole story.


66 Montrose Income Projection

Projected Annual Income $61,800

Annual mortgage principal + interest*  $43,128

Annual Expenses**

  • Water/Sewage  $1,008
  • Hydro and Gas  $3,228
  • Taxes  $ 3,601
  • Estimated Property Insurance  $1,019

Estimated Annual Cash Flow: $9,816


* 20% downpayment, 25 year amortization, 3.5% interest rate

** Expense estimates reflect 2012 actual expenses but of course, are subject to change from year to year. Renovations, maintenance and any applicable income/capital gains tax not included in calculation.

NB: Estimates and projections are provided for informational purposes only and Buyers should do their own due diligence.

Melanie Piche, Broker/Owner

: melanie@getwhatyouwant.ca

: 416.568.0427

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